Setting Up Contracting Business In Gcc With Www.shuraa.com

Posted 6 years ago by faisalshuraa
Posting ads for 6 years

Setting up contracting business in GCC withwww.shuraa.comIf you are
thinking about opening up and setting a Contracting Business in GCC there are some things you will want to take into consideration before you take the plunge and try to move to
the United Arab Emirates (GCC) to work on your new business venture.If you want to start a Contracting Business
in GCC you should know that the process of doing just that is rather complex and risky. It is imperative that you have some local knowledge from the start of things. It is also a
good idea to have an experienced local lawyer that can help you get through the bureaucratic red tape.Construction companies in Dubai are the lifeblood of this state. Dubai cannot survive
without construction companies. Dubai is the place, which has the largest number of construction projects in the worldThe Dubai Government has cut the costs of setting up a construction company
dramatically. The bank guarantee required is down from Dhs1 million to Dhs300 000. It has added just Dhs10 000 to the cost of registering the company in the emirate and getting a contracting licence.
"We have done away with the requirement for a Dhs1 million guarantee,” confirmed an official with the department. He went on to explain that the bank guarantee requirement was an inhibiting factor
that restricted the entry of entrepreneurs, investors and businessmen into the highly lucrative construction sector. For More Details Contact: Shuraa Management & Consultancy
LLC, www.shuraa.com 604, Medic Building, Bank Street
Burdubai, Dubai, UAE.Phone: 97143510077
Fax: 97143510078
Mobile: 971501577739
Email: [email protected]
http:// www.shuraa.com